Pi Network (also known as Pi coin) is a cryptocurrency that has become widely known in Vietnam in the past 3 years.
However, in some groups on social networks, there has been a situation of trading and exchanging goods with this currency in the form of `consensus`, that is, agreeing on prices among themselves.
To mine Pi, users need to download the application to their phone, verify their login, and take attendance every day.
Once hoping to earn a large amount of money from this job, but after a long time of nothing changing, some people began to doubt the fate of the Pi coin.
`When I joined, it seemed a bit like a multi-level project. The more people invite each other to play, the more they will mine. Everyone always expects there will be some event to make this Pi coin valuable.
The Pi mining application also requires users to verify their identity with identification documents.
Cyber security experts recommend that with the daily routine of accessing the application to check attendance, the first risk is the risk of data leaks when information is transferred to a foreign server.
Recently, on Pi Network communities in Vietnam, many articles have appeared sharing transactions using Pi.
Major General Le Xuan Minh – Deputy Director of the Department of Cyber Security and High-Tech Crime Prevention and Control (A05), Ministry of Public Security – said: `The Cyber Security Department is also coordinating with local police.
It cannot be confirmed whether Pi Network is a scam model or not.
